Generally industries are much better than random politicians at predicting the consequences of rules. Obviously it isn’t good if the rules being made are entirely in the interests of incumbents, but it’s also bad if the rules don’t make sense or ignore the realities of some industry or technology. Even ignoring lobbying, you see regulators reaching out for comments from industry about new rules.
Though perhaps lobbying (as practiced or in general) should still be considered inappropriate.
Though perhaps lobbying (as practiced or in general) should still be considered inappropriate.